Elliott wave Ripple analysis 15.06.2022

The XRPUSD downtrend continues. Wave Z is developing as a simple zigzag [A]-[B]-[C] in the motive wave (Y). The final impulse wave [C], composed of sub-waves (1)-(2)-(3)-(4)-(5), is currently forming. The first four sub-waves have completed, and the final sub-wave (5) is developing. The Ripple price should be moving in sub-waves 3-4-5 down to a level of 0.240, where wave (5) will be 38.2% of impulse (3).

Trading plan for XRPUSD today:

Sell 0.304,

Take profit: 0.240.

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